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Mahindra Holidays & Resorts acquires 100% equity share capital of GPPL

27 Aug 2012 Evaluate

Mahindra Holidays & Resorts India, a leader in the vacation ownership space with over 147,000 members and 40 resorts across India and abroad, has purchased 100% equity share capital of Gables Promoters (GPPL) on August 24, 2012. Pursuant to this acquisition, GPPL has become a wholly owned subsidiary of the company.

The company had recently acquired Royal Courts Jaisalmer, a 74 room resort, by purchasing 100% equity share capital of Divine Heritage Hotels.

Mahindra Holidays and Resorts, is a leader vacation ownership space in India, with a keen focus on quality family holiday. Club Mahindra is company’s flagship brand and the other brand offering are Zest Breaks, Club Mahindra Fundays, Mahindra Homestays and Mahindra travel.

Peers
Company Name CMP
The Indian Hotels Co 715.40
ITC Hotels 152.25
Mahindra Holi.&Resor 192.45
EIH 283.70
Chalet Hotels 846.15
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